MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016

STATPAK ` WASHINGTON, DC APRIL 2016 MARKET IN A MINUTE A SUMMARY OF MARKET CONDITIONS FOR MARCH & 1st QUARTER 2016 Contract activity in March 2016 was up 12.6% from March of 2015, and there were increases in five of the six price categories. Through the first three months of the year, new contract activity is up just 6.6%. The average number of days on the market for homes receiving contracts increased slightly from 38 days in March 2015 to 40 days this March. URGENCY INDEX The Urgency Index, simply the measure of the percentage of homes going under contract that were on the market 30 days or less, was almost unchanged in March compared to the year prior. During the past 12 years, the Index has been as high as 93% (May 2005) and as low as 29% (December 2008). In March 2016, the Urgency Index was 71.6%, down from 72.1% in March 2015. Despite this modest decrease, DC s Index is still the best in the Metro Area. INVENTORY The number of homes on the market at the end of March was 16.5% higher than the inventory at the end of March 2015. There were 25.5% more new listings that came on the market in March this year. Despite this big jump in inventory, overall supply at the end of March was 1.3 months, almost the same as last year at this time. DC s supply remains the tightest in the region by a half month. INTEREST RATES Mortgage rates are hovering right about where they were this time last year and this time last month. 30-year fixed rates were at 3.71% at the end of March, just 1 basis point higher than this time last year and 9 basis points higher than just month ago. The National Association of REALTORS most recent forecast pegged rates at just over 4% by the end of the year. AFFORDABILITY The payment on a no-money-down, 30-year fixed mortgage for a median-priced home is 1.1% lower than it was in March 2006 and is almost unchanged from this time last year -- all thanks to lower interest rates. The mortgage payment for a median priced home ($2,330 in March) was lower than the median rented price ($2,500 in March). DIRECTION OF THE MARKET The spring market has seen a big jump in contract activity and new listings. The real estate market in Washington, DC continues to be the strongest in the region by just about every measure, and supply continues to be tight in most areas and price ranges. Nonetheless, we don t see anything on the horizon domestically that is likely to make 2016 overall much different than 2015. It is reasonable to expect that there will be some easing off on DC s home price appreciation rate -- but it hasn t happened yet! Unless otherwise noted, data derived from Metropolitan Regional Information Systems, Inc. (MRIS ). Northern Virginia is defined as Arlington and Fairfax counties and the cities of Alexandria, Falls Church & Fairfax. Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 1

MONTHLY SUMMARY MARCH 2015 vs. MARCH 2016 March March % WASHINGTON, DC 2015 2016 Change Number of Sales 602 659 9.5% Fully Available Inventory on 3/31 1,058 1,233 16.5% Number of New Listings 992 1,245 25.5% Number of New Contracts 815 918 12.6% Days on Market - New Contracts 38 40 5.3% Average Sales Price $585,727 $615,847 5.1% Average Seller Subsidy $2,462 $2,421-1.7% Urgency Index 72.1% 71.6% -0.7% Months' Supply 1.3 1.3 3.5% MONTGOMERY COUNTY Number of Sales 852 847-0.6% Fully Available Inventory on 3/31 2,554 2,517-1.4% Number of New Listings 1,765 2,069 17.2% Number of New Contracts 1,293 1,426 10.3% Days on Market - New Contracts 54 53-1.9% Average Sales Price $496,797 $474,313-4.5% Average Seller Subsidy $3,746 $3,758 0.3% Urgency Index 58.2% 63.3% 8.8% Months' Supply 2.0 1.8-10.6% NORTHERN VIRGINIA Number of Sales 1,558 1,550-0.5% Fully Available Inventory on 3/31 3,903 4,251 8.9% Number of New Listings 3,204 3,757 17.3% Number of New Contracts 2,244 2,420 7.8% Days on Market - New Contracts 45 47 4.4% Average Sales Price $547,979 $537,798-1.9% Average Seller Subsidy $3,115 $3,044-2.3% Urgency Index 68.3% 68.9% 0.9% Months' Supply 1.7 1.8 1.0% LOUDOUN COUNTY Number of Sales 481 470-2.3% Fully Available Inventory on 3/31 1,863 1,550-16.8% Number of New Listings 1,098 1,172 6.7% Number of New Contracts 702 714 1.7% Days on Market - New Contracts 59 46-22.0% Average Sales Price $471,721 $482,932 2.4% Average Seller Subsidy $4,242 $4,127-2.7% Urgency Index 58.8% 70.4% 19.7% Months' Supply 2.7 2.2-18.2% * Note: Percentages depicted in red indicate a negative market trend; black indicates a positive market trend Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 2

YEAR-TO-DATE SUMMARY 2015 vs. 2016 Year-to-Date Jan-Mar Jan-Mar % WASHINGTON, DC 2015 2016 Change Number of Closed Sales 1,547 1,591 2.8% Average Month-End Available Inventory 992 1,135 14.4% Number of New Listings 2,392 2,799 17.0% Number of New Contracts 2,017 2,150 6.6% Days on Market - New Contracts 46 44-5.1% Average Sales Price $611,147 $612,606 0.2% Average Seller Subsidy $2,341 $2,786 19.0% Average Urgency Index 64.3% 64.5% 0.4% Average Months' Supply 1.5 1.6 7.3% MONTGOMERY COUNTY Number of Closed Sales 2,033 2,173 6.9% Average Month-End Available Inventory 2,329 2,239-3.8% Number of New Listings 3,873 4,096 5.8% Number of New Contracts 3,012 3,217 6.8% Days on Market - New Contracts 68 67-1.8% Average Sales Price $472,788 $473,730 0.2% Average Seller Subsidy $3,574 $3,720 4.1% Average Urgency Index 49.4% 51.5% 4.4% Average Months' Supply 2.3 2.1-10.0% NORTHERN VIRGINIA Number of Closed Sales 3,662 3,693 0.8% Average Month-End Available Inventory 3,432 3,639 6.0% Number of New Listings 7,100 7,479 5.3% Number of New Contracts 5,183 5,402 4.2% Days on Market - New Contracts 58 61 5.7% Average Sales Price $543,721 $536,703-1.3% Average Seller Subsidy $3,179 $3,358 5.6% Average Urgency Index 57.1% 56.3% -1.3% Average Months' Supply 2.0 2.0 1.7% LOUDOUN COUNTY Number of Closed Sales 1,105 1,164 5.3% Average Month-End Available Inventory 1,685 1,431-15.1% Number of New Listings 2,438 2,416-0.9% Number of New Contracts 1,613 1,650 2.3% Days on Market - New Contracts 74 65-11.6% Average Sales Price $465,538 $472,480 1.5% Average Seller Subsidy $4,097 $4,182 2.1% Average Urgency Index 48.0% 55.9% 16.5% Average Months' Supply 3.1 2.6-17.0% * Note: Percentages depicted in red indicate a negative market trend; black indicates a positive market trend Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 3

WASHINGTON, DC -- Detail Pages Interest Rate 7.00 6.50 6.00 5.50 5.00 4.50 4.00 3.50 3.00 2.50 2.00 30-YEAR FIXED AND 1-YEAR ADJUSTABLE RATES Month-End Mortgage Rates -- 2009-Current 1-Year ARM 30-Year Fixed MORTGAGE RATES 30-year fixed interest rates at the end of March averaged 3.71%, compared to 3.87% at the end of March 2015. One-year adjustable rate mortgages were 2.90% at the end of March 2016, which is up from 2.50% at the end of March 2015. BUYING POWER Mortgage Amount with $1,000 Payment BUYING POWER A $1,000 principal and interest payment supported a loan of $216,991 at the end of March, which is $267 less than March 2015 and $41,258 more than March 2004. In March 2006, it would have taken a monthly PI payment of $2,357 to purchase a medianpriced home. Today it takes a payment of $2,330 to buy a median-priced home. That s just a 1.1% decrease. However, the median sales price is over $1000,000 higher now than in March 2006. AVERAGES SALE PRICE Washington, DC -- 2007-Current AVERAGE PRICES The average sales price in March 2016 was $615,847, an increase of 5.1% from the March 2015 average price of $585,727. DC has the highest average and median sales price in the region. Remember that the change in the average sales price -- up or down -- doesn t mean that individual home prices are impacted the same way. Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 4

% of Contracts on the Market for 30 Days or Less 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Jan 12 Mar 12 URGENCY INDEX % of Contracts on the Market for 30 Days or Less Washington, DC -- 2012-Current % of Contracts # Contracts May 12 Jul 12 Sep 12 Nov 12 Jan 13 Mar 13 May 13 Jul 13 Sep 13 Nov 13 Jan 14 Mar 14 May 14 Jul 14 Sep 14 Nov 14 Jan 15 Mar 15 May 15 Jul 15 Sep 15 Nov 15 Jan 16 Mar 16 1,000 900 800 700 600 500 400 300 200 100 0 Number of Contracts URGENCY INDEX -- 2012-Current This chart compares the number of contracts (green line) to the percent that were on the market 30 days or less (blue bars). At first glance, it may appear that the lower contract activity also means a lower percentage of homes that sell quickly -- but that s not always true. As an example, December is always the month with the lowest number of contracts. December 2011 (not on this chart) had an index near 30% range, but that jumped to 50% in 2012, an early indicator that the market was picking up heading into 2013. URGENCY INDEX Washington, DC -- March 2005-2016 URGENCY INDEX - March In the past 12 years, the March Urgency Index has been as high as 77.7% and as low as 42.1%. Look how much buyer expectations changed from March 2005 to 2006. The number of ratified contracts decreased by 4.5%, but the Index fell by 30.9%, indicative of some real buyer pessimism. The average Mar. Urgency Index during the past 12 years is 59.9% -- which is significantly lower than where it is now in DC. There was a 12.6% increase in the number of new contracts for March 2016 compared to 2015 -- but the Urgency Index decreased from 72.1% to 71.6%. URGENCY INDEX DC Metro Area by Jurisdiction Comparison - March 2016 URGENCY INDEX -- DC Metro Area The differences between the DC Metro Area markets are less pronounced than they have been in recent months. The average March Urgency Index during the past 12 years for all four of the jurisdictions we track is 59.4%. Today, the District is outperforming its neighbors at 71.6%, which is higher than its historical average. DC has fared better than its neighboring jurisdictions for well over a year, and clearly has the most robust market in the region. But it looks like the suburbs may be catching up! Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 5

$1,500,000 and higher $1,000,000 - $1,499,999 NEW CONTRACT ACTIVITY Washington, DC -- March 2015 vs. March 2016 by Price Range $750,000 - $999,999 $500,000 - $749,999 $300,000 - $499,999 $0 - $299,999 25 45 49 63 93 114 166 176 208 March 2016 March 2015 254 262 278 NEW CONTRACT ACTIVITY As noted on page 2, the number of new contracts ratified in March 2016 was up 12.6% from March 2015, but there was a decrease for one price category. As noted on page 3, contract activity year-to-date is up 6.6%. 17.3% of all homes going under contract in March had at least one price reduction. The other jurisdictions in the Metro Area are typically seeing around 22-27% of homes with a price reduction before receiving a ratified contract. 0 50 100 150 200 250 300 # of New Contracts FULLY AVAILABLE Washington, DC -- March 31, 2015 vs. March 31, 2016 FULLY AVAILABLE As noted on page 2, the available inventory for March 2016 was up 16.5% from March 2015. 29.5% of all homes on the market have had at least one price reduction since coming on the market. The lowest price category decreased in inventory. MONTHS SUPPLY Washington, DC -- End of March 2015 vs. End of March 2016 MONTHS SUPPLY The overall supply of homes on the market at the end of March 2016 was 1.3 months, which is a basically the same as the supply at the end of March 2015. That s the lowest supply in the Metro Area. In addition to the lowest overall supply, DC has the most balanced supply in the region across all but the highest price category. Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 6

AVERAGE NUMBER OF DAYS ON MARKET Washington, DC -- March 2015 vs. March 2016 -- New Contracts $1,500,000 and higher $1,000,000 - $1,499,999 $750,000 - $999,999 $500,000 - $749,999 $300,000 - $499,999 24.0 26.1 28.3 26.8 28.2 39.0 36.5 44.0 88.0 March 2016 March 2015 105.6 AVERAGE NUMBER OF DAYS ON THE MARKET -- NEW The average number of days on the market for all homes receiving contracts in March 2016 was 40 days, which is an increase of 5.3% from 38 days in March 2015. DC is the jurisdiction with the lowest average days on market. $0 - $299,999 47.7 51.4 0 20 40 60 80 100 120 # of Days on Market NUMBER OF NEW, NEW, AND ACTIVE Washington, DC -- January 2010-Current NUMBER OF NEW, AND ACTIVE There were 1,245 new listings that came on the market in March 2016, a 25.5% increase from the 992 in March 2015. The wide gap between available listings and new contract activity that characterized the second half of the last decade has steadily narrowed during the past three years. RELATIONSHIP OF SALES PRICE TO ORIGINAL LIST PRICE vs. DAYS ON MARKET Resale Properties Sold in Washington, DC -- March 2015 vs. March 2016 RELATIONSHIP OF SALES PRICE TO ORIGINAL LIST PRICE vs. DAYS ON MARKET Initial pricing strategy is critical to the listing process, regardless of market conditions. The longer a home sits on the market, the deeper the discount to its original list price will likely be. Homes settling in March 2016 that received contracts their first week on the market sold, on average, 2.58% above list. Those that took 4 months or longer to sell sold for 8.32% below the original price. SOME DEFINITIONS AND EXPLANATIONS TO AID YOUR UNDERSTANDING OF THE DATA The data shown here are collected, in whole or in part, from the Metropolitan Regional Information System, Inc, and are believed to be reliable but are not guaranteed Sales are transactions that settled during the statistical period; Under Contracts are contracts negotiated during the statistical period, but not yet settled Available Listings reflects single-family homes, town homes, new homes and condos on the market at the end of the period in question. Months Supply is simply the number of Fully Available Listings on the market at the end of the month divided by the number of Contracts ratified that month. Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 7

Analysis by Property Type -- Condo/Co-op CONDO/CO-OP - Condo/Co-op New This Month Total Active Listings 2015 2016 % Change 2015 2016 % Change $299,999 and under 122 138 13.1% 172 152-11.6% $300,000 - $499,999 205 203-1.0% 157 216 37.6% $500,000 - $749,999 140 219 56.4% 117 187 59.8% $750,000 - $999,999 42 57 35.7% 50 68 36.0% $1,000,000 - $1,499,999 19 25 31.6% 30 34 13.3% $1,500,000 & higher 18 8-55.6% 32 30-6.3% Grand Total: 546 650 19.0% 558 687 23.1% The number of new listings for condos and co-ops coming on the market increased 19.0% compared to March 2015. The fully available inventory of condos as of March 31, 2016 is 23.1% more than the same time in 2015. CONDO/CO-OP - Condo/Co-op New This Month Contracts 2015 2016 % Change 2015 2016 % Change $299,999 and under 103 115 11.7% 258 264 2.3% $300,000 - $499,999 178 156-12.4% 396 387-2.3% $500,000 - $749,999 102 137 34.3% 240 306 27.5% $750,000 - $999,999 21 25 19.0% 53 61 15.1% $1,000,000 - $1,499,999 7 13 85.7% 26 28 7.7% $1,500,000 & higher 4 7 75.0% 12 17 41.7% Grand Total: 415 453 9.2% 985 1063 7.9% The number of condos and co-ops receiving ratified contracts increased 9.2% in March 2016 compared to March 2015. Year-to-date, contract activity is up 7.9% compared to 2015. SETTLEMENTS Condo/Co-op New This Month Settlements 2015 2016 % Change 2015 2016 % Change $299,999 and under 73 74 1.4% 170 186 9.4% $300,000 - $499,999 107 124 15.9% 275 277 0.7% $500,000 - $749,999 81 90 11.1% 192 235 22.4% $750,000 - $999,999 21 17-19.0% 43 44 2.3% $1,000,000 - $1,499,999 8 7-12.5% 22 17-22.7% $1,500,000 & higher 4 5 25.0% 13 9-30.8% Grand Total: 294 317 7.8% 715 768 7.4% CONDO/CO-OP -- SETTLEMENTS AND AVERAGE PRICE The number of condos and co-ops settling in March 2016 increased 7.8% compared to March 2015. Year-to-date, the number of settlements is up 7.4%. The average price was up 1.1% compared to March 2015. Year-to-date, the average price is down 1.7%. Average Sales Price: Mar 2015 Mar 2016 % Change YTD 2015 YTD 2016 % Change Condo/Co-op $483,568 $488,866 1.1% $492,203 $483,691-1.7% Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 8

Analysis by Property Type -- Fee Simple Attached Fee Simple Attached New This Month Total Active Listings 2015 2016 % Change 2015 2016 % Change $299,999 and under 48 67 39.6% 65 65 0.0% $300,000 - $499,999 63 76 20.6% 46 47 2.2% $500,000 - $749,999 84 104 23.8% 76 89 17.1% $750,000 - $999,999 63 73 15.9% 54 52-3.7% $1,000,000 - $1,499,999 25 54 116.0% 21 49 133.3% $1,500,000 & higher 21 31 47.6% 35 36 2.9% Grand Total: 304 405 33.2% 297 338 13.8% ATTACHED HOMES -- The number of new listings coming on the market in March 2016 for fee simple attached homes increased 33.2% compared to March 2015. The fully active inventory at the end of March is up 13.8% compared to the available inventory at the end of March 2015. Fee Simple Attached New This Month Contracts 2015 2016 % Change 2015 2016 % Change $299,999 and under 42 45 7.1% 133 123-7.5% $300,000 - $499,999 81 72-11.1% 189 183-3.2% $500,000 - $749,999 93 90-3.2% 220 212-3.6% $750,000 - $999,999 55 62 12.7% 129 144 11.6% $1,000,000 - $1,499,999 19 31 63.2% 50 69 38.0% $1,500,000 & higher 8 20 150.0% 30 41 36.7% Grand Total: 298 320 7.4% 751 772 2.8% ATTACHED HOMES -- Contract activity for attached homes increased 7.4% in March 2016 compared to March 2015. Year-to-date, contract activity is up 2.8% compared to last year. SETTLEMENTS Fee Simple Attached New This Month Settlements 2015 2016 % Change 2015 2016 % Change $299,999 and under 42 36-14.3% 118 89-24.6% $300,000 - $499,999 46 52 13.0% 123 128 4.1% $500,000 - $749,999 71 68-4.2% 178 167-6.2% $750,000 - $999,999 38 52 36.8% 96 121 26.0% $1,000,000 - $1,499,999 19 25 31.6% 50 50 0.0% $1,500,000 & higher 11 11 0.0% 33 28-15.2% Grand Total: 227 244 7.5% 598 583-2.5% ATTACHED HOMES -- SETTLEMENTS AND AVERAGE PRICE The number of settlements increased 7.5% in March 2016 compared to March 2015. Yearto-date, the number of settlements is down 2.5%. The average sales price was up 4.3% in March 2016 compared to March 2015. The average sales price year-todate is up 2.0%. Average Sales Price: Mar 2015 Mar 2016 % Change YTD 2015 YTD 2016 % Change Fee Simple Attached $648,989 $677,218 4.3% $656,450 $669,559 2.0% Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 9

Analysis by Property Type -- Fee Simple Detached Fee Simple Detached New This Month Total Active Listings 2015 2016 % Change 2015 2016 % Change $299,999 and under 16 20 25.0% 35 19-45.7% $300,000 - $499,999 17 35 105.9% 22 48 118.2% $500,000 - $749,999 21 32 52.4% 30 27-10.0% $750,000 - $999,999 24 38 58.3% 14 22 57.1% $1,000,000 - $1,499,999 37 27-27.0% 32 16-50.0% $1,500,000 & higher 27 38 40.7% 70 76 8.6% Grand Total: 142 190 33.8% 203 208 2.5% DETACHED HOMES -- The number of new listings for fee simple detached homes was up 33.8% in March 2016 compared to March 2015. The number of detached homes on the market on March 31, 2016 was up 2.5% compared to March 31, 2015. Fee Simple Detached New This Month Contracts 2015 2016 % Change 2015 2016 % Change $299,999 and under 21 16-23.8% 50 34-32.0% $300,000 - $499,999 19 34 78.9% 71 78 9.9% $500,000 - $749,999 13 27 107.7% 43 58 34.9% $750,000 - $999,999 17 27 58.8% 46 61 32.6% $1,000,000 - $1,499,999 19 19 0.0% 43 37-14.0% $1,500,000 & higher 13 22 69.2% 28 47 67.9% Grand Total: 102 145 42.2% 281 315 12.1% DETACHED HOMES -- Contract activity for detached homes increased 42.2% in March 2016 compared to March 2015. The number of contracts yearto-date is up 12.1%. SETTLEMENTS Fee Simple Detached New This Month Settlements 2015 2016 % Change 2015 2016 % Change $299,999 and under 11 9-18.2% 37 29-21.6% $300,000 - $499,999 19 27 42.1% 60 57-5.0% $500,000 - $749,999 19 14-26.3% 41 44 7.3% $750,000 - $999,999 12 22 83.3% 31 48 54.8% $1,000,000 - $1,499,999 15 14-6.7% 40 33-17.5% $1,500,000 & higher 5 12 140.0% 25 29 16.0% Grand Total: 81 98 21.0% 234 240 2.6% DETACHED HOMES -- SETTLEMENTS AND AVERAGE PRICE The number of settlements increased 21.0% in March 2016 compared to March 2015. Yearto-date, there has been an increase of 2.6%. The average sales price for detached homes increased 11.5% in March 2016 compared to March 2015. The average price year-to-date increased 6.0%. Average Sales Price: Mar 2015 Mar 2016 % Change YTD 2015 YTD 2016 % Change Fee Simple Detached $764,304 $852,164 11.5% $816,614 $865,682 6.0% Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 10

Absorption Rate by Property Type The following tables track absorption rate by property type, comparing the rates in the just-completed month to the rates in the same month of the previous year. The absorption rate is a measure of the health of the market, and tracks the percentage of homes that were on the market during the given month and in the given price range that went under contract. [The formula is # Contracts/(# Contracts + # Available).] An example: The absorption rate for detached homes priced $500,000-$749,999 in March 2016 was 50.0%; that compares to a rate of 30.2% in March 2015, and the increase means the market was better in 2016 for that type of home. If the absorption rate was less in 2016 than in 2015, we have put the 2016 rate in red. This month there was improvement for 11 of the 18 individual price categories. Condo/Co-op March 2015 March 2016 Absorption Rates Listings Contracts Rate Listings Contracts Rate $299,999 and under 172 103 37.5% 152 115 43.1% $300,000 - $499,999 157 178 53.1% 216 156 41.9% $500,000 - $749,999 117 102 46.6% 187 137 42.3% $750,000 - $999,999 50 21 29.6% 68 25 26.9% $1,000,000 - $1,499,999 30 7 18.9% 34 13 27.7% $1,500,000 & higher 32 4 11.1% 30 7 18.9% Grand Total: 558 415 42.7% 687 453 39.7% ABSORPTION RATES -- CONDOS AND CO-OPS The overall absorption rate for condos and co-ops for March was 39.7%, a decrease from the 42.7% rate in March 2015. The absorption rate for condos across most price ranges is more balanced in DC than anywhere else in the region. Fee Simple Attached March 2015 March 2016 Absorption Rates Listings Contracts Rate Listings Contracts Rate $299,999 and under 65 42 39.3% 65 45 40.9% $300,000 - $499,999 46 81 63.8% 47 72 60.5% $500,000 - $749,999 76 93 55.0% 89 90 50.3% $750,000 - $999,999 54 55 50.5% 52 62 54.4% $1,000,000 - $1,499,999 21 19 47.5% 49 31 38.8% $1,500,000 & higher 35 8 18.6% 36 20 35.7% Grand Total: 297 298 50.1% 338 320 48.6% ABSORPTION RATES -- ATTACHED HOMES The overall absorption rate for attached homes for March was 48.6%, a decrease from the 50.1% rate in March 2015. Again, look at the balance across most price ranges. Fee Simple Detached March 2015 March 2016 Absorption Rates Listings Contracts Rate Listings Contracts Rate $299,999 and under 35 21 37.5% 19 16 45.7% $300,000 - $499,999 22 19 46.3% 48 34 41.5% $500,000 - $749,999 30 13 30.2% 27 27 50.0% $750,000 - $999,999 14 17 54.8% 22 27 55.1% $1,000,000 - $1,499,999 32 19 37.3% 16 19 54.3% $1,500,000 & higher 70 13 15.7% 76 22 22.4% Grand Total: 203 102 33.4% 208 145 41.1% ABSORPTION RATES -- DETACHED HOMES March 2016 s absorption rate for detached homes was 41.1%, an increase from 33.4% in March 2015. And the balance among the price ranges is evident here as well. Copyright 2016 -- McEnearney Associates Washington, DC StatPak - Page 11